When Macy’s released its latest earnings report, numerous questions arose about the department store’s future. The numbers revealed a rather mixed result: a 1.1% decline in comparable sales for the crucial holiday quarter. Although the company’s owned and licensed businesses, along with its online marketplace, edged up slightly by 0.2%, this paltry gain hardly signals
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As China finds itself grappling with a plethora of uncertainties—from domestic economic fluctuations to turbulent international relations—its fiscal policy must adapt to an increasingly challenging environment. Finance Minister Lan Fo’an underscored this necessity during the “Two Sessions,” China’s annual parliamentary gathering. His comments reflect a stark realization: the nation must maneuver through the impacts of
Despite the staggering addition of nearly 600,000 multifamily rental units into the U.S. market last year, the rental landscape remains a paradox of crisis rather than celebration. This number, the highest since 1974 and a 34% surge from 2023, suggests an answer to alleviating housing crises. Yet, as new data from RentCafe emphasizes, just building
CrowdStrike, a name synonymous with cybersecurity for many, has faced a significant setback that seems both alarming and predictable. Following a disappointing earnings report, their shares plummeted by 9%. The distressing atmosphere surrounding the company stems from a global IT outage in July that has had a chilling effect on its operations. This incident, a
A striking phenomenon is taking place in the housing market, one that has both homeowners and prospective buyers buzzing with renewed excitement. This week, mortgage application volumes spiked by a jaw-dropping 20.4% compared to the previous week, signaling a much-needed revival in a sector that has been lackluster for the better part of the year.
In a politically charged climate, promises can easily turn into pitfalls. President Donald Trump’s declaration to “make America affordable again” sounds potent, yet the reality of his approach raises concerns that cannot be ignored. The implementation of steep tariffs on goods from our neighbors, Canada and Mexico, not only threatens to strain household budgets further
On Wednesday, news broke that China would be raising its defense spending by 7.2%, mirroring similar increases from the two previous years. This substantial budget adjustment, amounting to about 1.78 trillion yuan ($244.99 billion) for the 2025 fiscal year, reflects more than just numbers; it encapsulates a pivotal shift in global military dynamics. As countries,
As the real estate landscape continues to shift, potential homebuyers find themselves navigating a complex array of challenges, with rising home prices and increasing down payments at the forefront. Recent data reveals that the median down payment reached approximately $63,188 in December, marking a notable 7.5% increase compared to the previous year. This rising trend
In a surprising turn of events, recent data from The Princeton Review indicates that the Massachusetts Institute of Technology (MIT) has dethroned Harvard University as the most coveted institution among prospective college students. This significant shift reflects not just changing aspirations but also the evolving priorities of today’s college applicants. The decline in Harvard’s status
Best Buy recently reported its fourth-quarter earnings for fiscal 2025, which offered a silver lining amid challenging market conditions. The company’s earnings and revenue surpassed analysts’ expectations, marking a notable achievement given the external pressures that have been adversely affecting the consumer electronics sector. Best Buy posted earnings per share (EPS) of $2.58, exceeding the